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The current 7520 Rate for April 2014..........2.2

Section 7520 Rates
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
1989
11.6% 11.2% 10.6% 10.0% 9.6% 10.2% 10.0% 9.8%
1990
9.6% 9.8% 10.2% 10.6% 10.6% 11.0% 10.6% 10.4% 10.2% 10.6% 10.6% 10.2%
1991
9.8% 9.6% 9.4% 9.6% 9.6% 9.6% 9.6% 9.8% 9.6% 9.0% 8.6% 8.4%
1992
8.2% 7.6% 8.0% 8.4% 8.6% 8.4% 8.2% 7.8% 7.2% 7.0% 6.8% 7.4%
1993
7.6% 7.6% 7.0% 6.6% 6.6% 6.4% 6.6% 6.4% 6.4% 6.0% 6.0% 6.2%
1994
6.4% 6.4% 6.4% 7.0% 7.8% 8.4% 8.2% 8.4% 8.4% 8.6% 9.0% 9.4%
1995
9.6% 9.6% 9.4% 8.8% 8.6% 8.2% 7.6% 7.2% 7.6% 7.6% 7.4% 7.2%
1996
6.8% 6.8% 6.6% 7.0% 7.6% 8.0% 8.2% 8.2% 8.0% 8.0% 8.0% 7.6%
1997
7.4% 7.6% 7.8% 7.8% 8.2% 8.2% 8.0% 7.6% 7.6% 7.6% 7.4% 7.2%
1998
7.2% 6.8% 6.8% 6.8% 6.8% 7.0% 6.8% 6.8% 6.6% 6.2% 5.4% 5.4%
1999
5.6% 5.6% 5.8% 6.4% 6.2% 6.4% 7.0% 7.2% 7.2% 7.2% 7.4% 7.4%
2000
7.4% 8.0% 8.2% 8.0% 7.8% 8.0% 8.0% 7.6% 7.6% 7.4% 7.2% 7.0%
2001
6.8% 6.2% 6.2% 6.0% 5.8% 6.0% 6.2% 6.0% 5.8% 5.6% 5.0% 4.8%
2002
5.4% 5.6% 5.4% 5.6% 6.0% 5.8% 5.6% 5.2% 4.6% 4.2% 3.6% 4.0%
2003
4.2% 4.0% 3.8% 3.6% 3.8% 3.6% 3.0% 3.2% 4.2% 4.4% 4.0% 4.2%
2004
4.2% 4.2% 4.0% 3.8% 3.8% 4.6% 5.0% 4.8% 4.6% 4.4% 4.2% 4.2%
2005
4.6% 4.6% 4.6% 5.0% 5.2% 4.8% 4.6% 4.8% 5.0% 5.0% 5.0% 5.4%
2006
5.4% 5.2% 5.4% 5.6% 5.8% 6.0% 6.0% 6.2% 6.0% 5.8% 5.6% 5.8%
2007
5.6% 5.6% 5.8% 5.6% 5.6% 5.6% 6.0% 6.2% 5.8% 5.2% 5.2% 5.0%
2008
4.4% 4.2% 3.6% 3.4% 3.2% 3.8% 4.2% 4.2% 4.2% 3.8% 3.6% 3.4%
2009
2.4% 2.0% 2.4% 2.6% 2.4% 2.8% 3.4% 3.4% 3.4% 3.2% 3.2% 3.2%
2010
3.0% 3.4% 3.2% 3.2% 3.4% 3.2% 2.8% 2.6% 2.4% 2.0% 2.0% 1.8%
2011
2.4% 2.8% 3.0% 3.0% 3.0% 2.8% 2.4% 2.2% 2.0% 1.4% 1.4% 1.6%
2012
1.4% 1.4% 1.4% 1.4% 1.6% 1.2% 1.2% 1.0% 1.0% 1.2% 1.0% 1.2%
2013
1.0% 1.2% 1.4% 1.4% 1.2% 1.2% 1.4% 2.0% 2.0% 2.4% 2.0% 2.0%
2014
2.2% 2.4% 2.2% 2.2%                

The above table shows the interest rates that have been used to value life estates, remainders, and annuities since 5/1/1989, using the 1980CNSMT mortality table from 5/1/1989 through 4/30/1999 and Table 90CM from 5/1/1999 to 4/30/2009. Before 5/1/1989, life estates, remainders, and annuities were valued as follows:

  • From 12/1/1983 to 4/30/1989, based on a rate of 10 percent and a unisex mortality table that was known as either Table CM (in one publication) or Table LN (in the regulations). You can find tables of factors for single life and term interests, as well as Table LN, at Treas. Reg. section 20.2031-7A(d)(6).
  • From 1/1/1971 through 11/30/1983, based on a rate of 6 percent and using a different mortality table, also known as Table LN, that showed mortality factors for males and females separately.
  • From 1/1/1952 through 12/31/1970, based on a rate of 3.5% and U.S. Life Table 38 (which was also gender-specific).
  • Before 1/1/1952, based on a rate of 4% and a still older mortality table (which was also gender-specific).

See Treas. Reg. section 20.2031-7A for additional information

Short-Term Rates for 1998 - Present

Month Annual Semiann. Quarterly Monthly
Jan-98 5.70% 5.62% 5.58% 5.56%
Feb-98 5.54% 5.47% 5.43% 5.41%
Mar-98 5.38% 5.32% 5.29% 5.26%
Apr-98 5.51% 5.44% 5.40% 5.38%
May-98 5.50% 5.43% 5.39% 5.37%
Jun-98 5.58% 5.50% 5.46% 5.44%
Jul-98 5.56% 5.48% 5.44% 5.42%
Aug-98 5.48% 5.41% 5.37% 5.35%
Sep-98 5.42% 5.35% 5.31% 5.29%
Oct-98 5.06% 5.00% 4.97% 4.95%
Nov-98 4.47% 4.42% 4.40% 4.38%
Dec-98 4.33% 4.28% 4.26% 4.24%
Jan-99 4.59% 4.52% 4.49% 4.48%
Feb-99 4.62% 4.57% 4.54% 4.53%
Mar-99 4.67% 4.62% 4.59% 4.58%
Apr-99 4.99% 4.93% 4.90% 4.88%
May-99 4.90% 4.84% 4.81% 4.79%
Jun-99 4.98% 4.92% 4.89% 4.87%
Jul-99 5.32% 5.25% 5.22% 5.19%
Aug-99 5.43% 5.36% 5.32% 5.30%
Sep-99 5.42% 5.35% 5.31% 5.29%
Oct-99 5.54% 5.47% 5.43% 5.41%
Nov-99 5.57% 5.49% 5.45% 5.43%
Dec-99 5.74% 5.66% 5.62% 5.59%
Jan-00 5.88% 5.80% 5.76% 5.73%
Feb-00 6.20% 6.11% 6.06% 6.03%
Mar-00 6.45% 6.35% 6.30% 6.27%
Apr-00 6.46% 6.36% 6.31% 6.28%
May-00 6.42% 6.32% 6.27% 6.24%
Jun-00 6.53% 6.43% 6.38% 6.35%
Jul-00 6.60% 6.49% 6.44% 6.40%
Aug-00 6.37% 6.27% 6.22% 6.19%
Sep-00 6.33% 6.23% 6.18% 6.15%
Oct-00 6.30% 6.20% 6.15% 6.12%
Nov-00 6.15% 6.06% 6.01% 5.98%
Dec-00 6.10% 6.01% 5.97% 5.94%
Jan-01 5.90% 5.82% 5.78% 5.75%
Feb-01 5.18% 5.11% 5.08% 5.06%
Mar-01 4.86% 4.80% 4.77% 4.75%
Apr-01 4.63% 4.58% 4.55% 4.54%
May-01 4.25% 4.21% 4.19% 4.17%
Jun-01 4.15% 4.11% 4.09% 4.08%
Jul-01 4.07% 4.03% 4.01% 4.00%
Aug-01 3.94% 3.90% 3.88% 3.87%
Sep-01 3.82% 3.78% 3.76% 3.75%
Oct-01 3.58% 3.55% 3.53% 3.52%
Nov-01 2.73% 2.71% 2.70% 2.69%
Dec-01 2.48% 2.46% 2.45% 2.45%
Jan-02 2.73% 2.71% 2.70% 2.69%
Feb-02 2.74% 2.72% 2.71% 2.70%
Mar-02 2.69% 2.67% 2.66% 2.66%
Apr-02 2.88% 2.86% 2.85% 2.84%
May-02 3.21% 3.18% 3.17% 3.16%
Jun-02 2.91% 2.89% 2.88% 2.87%
Jul-02 2.84% 2.82% 2.81% 2.80%
Aug-02 2.54% 2.52% 2.51% 2.51%
Sep-02 2.13% 2.12% 2.11% 2.11%
Oct-02 2.03% 2.02% 2.01% 2.01%
Nov-02 1.82% 1.81% 1.81% 1.80%
Dec-02 1.84% 1.83% 1.83% 1.82%
Jan-03 1.81% 1.80% 1.80% 1.79%
Feb-03 1.65% 1.64% 1.64% 1.63%
Mar-03 1.58% 1.57% 1.57% 1.56%
Apr-03 1.46% 1.45% 1.45% 1.45%
May-03 1.53% 1.52% 1.52% 1.52%
Jun-03 1.49% 1.48% 1.48% 1.48%
Jul-03 1.23% 1.23% 1.23% 1.23%
Aug-03 1.21% 1.21% 1.21% 1.21%
Sep-03 1.52% 1.51% 1.51% 1.51%
Oct-03 1.68% 1.67% 1.67% 1.66%
Nov-03 1.50% 1.49% 1.49% 1.49%
Dec-03 1.68% 1.67% 1.67% 1.66%
Jan-04 1.71% 1.70% 1.70% 1.69%
Feb-04 1.62% 1.61% 1.61% 1.60%
Mar-04 1.58% 1.57% 1.57% 1.56%
Apr-04 1.47% 1.46% 1.46% 1.46%
May-04 1.50% 1.49% 1.49% 1.49%
Jun-04 1.98% 1.97% 1.97% 1.96%
Jul-04 2.26% 2.25% 2.24% 2.24%
Aug-04 2.37% 2.36% 2.35% 2.35%
Sep-04 2.34% 2.33% 2.32% 2.32%
Oct-04 2.26% 2.25% 2.24% 2.24%
Nov-04 2.37% 2.36% 2.35% 2.35%
Dec-04 2.48% 2.46% 2.45% 2.45%
Jan-05 2.78% 2.76% 2.75% 2.74%
Feb-05 2.92% 2.90% 2.89% 2.88%
Mar-05 3.08% 3.06% 3.05% 3.04%
Apr-05 3.35% 3.32% 3.31% 3.30%
May-05 3.54% 3.51% 3.49% 3.48%
Jun-05 3.46% 3.43% 3.42% 3.41%
Jul-05 3.45% 3.42% 3.41% 3.40%
Aug-05 3.58% 3.55% 3.53% 3.52%
Sep-05 3.90% 3.86% 3.84% 3.83%
Oct-05 3.89% 3.85% 3.83% 3.82%
Nov-05 4.04% 4.00% 3.98% 3.97%
Dec-05 4.34% 4.29% 4.27% 4.25%
Jan-06 4.38% 4.33% 4.31% 4.29%
Feb-06 4.39% 4.34% 4.32% 4.30%
Mar-06 4.58% 4.53% 4.50% 4.49%
Apr-06 4.77% 4.71% 4.68% 4.66%
May-06 4.85% 4.79% 4.76% 4.74%
Jun-06 4.99% 4.93% 4.90% 4.88%
Jul-06 5.05% 4.99% 4.96% 4.94%
Aug-06 5.26% 5.19% 5.16% 5.13%
Sep-06 5.13% 5.07% 5.04% 5.02%
Oct-06 5.00% 4.94% 4.91% 4.89%
Nov-06 4.89% 4.83% 4.80% 4.78%
Dec-06 4.97% 4.91% 4.88% 4.86%
Jan-07 4.88% 4.82% 4.79% 4.77%
Feb-07 4.93% 4.87% 4.84% 4.82%
Mar-07 5.06% 5.00% 4.97% 4.95%
Apr-07 4.90% 4.84% 4.81% 4.79%
May-07 4.85% 4.79% 4.76% 4.74%
Jun-07 4.84% 4.78% 4.75% 4.73%
Jul-07 4.97% 4.91% 4.88% 4.86%
Aug-07 5.00% 4.94% 4.91% 4.89%
Sep-07 4.82% 4.76% 4.73% 4.71%
Oct-07 4.19% 4.15% 4.13% 4.11%
Nov-07 4.11% 4.07% 4.05% 4.04%
Dec-07 3.88% 3.84% 3.82% 3.81%
Jan-08 3.18% 3.16% 3.15% 3.14%
Feb-08 3.11% 3.09% 3.08% 3.07%
Mar-08 2.25% 2.24% 2.23% 2.23%
Apr-08 1.85% 1.84% 1.84% 1.83%
May-08 1.64% 1.63% 1.63% 1.62%
Jun-08 2.08% 2.07% 2.06% 2.06%
Jul-08 2.42% 2.41% 2.40% 2.40%
Aug-08 2.54% 2.52% 2.51% 2.51%
Sep-08 2.38% 2.37% 2.36% 2.36%
Oct-08 2.19% 2.18% 2.17% 2.17%
Nov-08 1.63% 1.62% 1.62% 1.61%
Dec-08 1.36% 1.36% 1.36% 1.36%
Jan-09 0.81% 0.81% 0.81% 0.81%
Feb-09 0.60% 0.60% 0.60% 0.60%
Mar-09 0.72% 0.72% 0.72% 0.72%
Apr-09 0.83% 0.83% 0.83% 0.83%
May-09 0.76% 0.76% 0.76% 0.76%
Jun-09 0.75% 0.75% 0.75% 0.75%
Jul-09 0.82% 0.82% 0.82% 0.82%
Aug-09 0.83% 0.83% 0.83% 0.83%
Sep-09 0.84% 0.84% 0.84% 0.84%
Oct-09 0.75% 0.75% 0.75% 0.75%
Nov-09 0.71% 0.71% 0.71% 0.71%
Dec-09 0.69% 0.69% 0.69% 0.69%
Jan-10 0.57% 0.57% 0.57% 0.57%
Feb-10 0.72% 0.72% 0.72% 0.72%
Mar-10 0.64% 0.64% 0.64% 0.64%
Apr-10 0.67% 0.67% 0.67% 0.67%
May-10 0.79% 0.79% 0.79% 0.79%
Jun-10 0.74% 0.74% 0.74% 0.74%
Jul-10 0.61% 0.61% 0.61% 0.61%
Aug-10 0.53% 0.53% 0.53% 0.53%
Sep-10 0.46% 0.46% 0.46% 0.46%
Oct-10 0.41% 0.41% 0.41% 0.41%
Nov-10 0.35% 0.35% 0.35% 0.35%
Dec-10 0.32% 0.32% 0.32% 0.32%
Jan-11 0.43% 0.43% 0.43% 0.43%
Feb-11 0.51% 0.51% 0.51% 0.51%
Mar-11 0.54% 0.54% 0.54% 0.54%
Apr-11 0.55% 0.55% 0.55% 0.55%
May-11 0.56% 0.56% 0.56% 0.56%
June-11 0.46% 0.46% 0.46% 0.46%
July-11 0.37% 0.37% 0.37% 0.37%
Aug-11 0.32% 0.32% 0.32% 0.32%
Sep-11 0.26% 0.26% 0.26% 0.26%
Oct-11 0.16% 0.16% 0.16% 0.16%
Nov-11 0.19% 0.19% 0.19% 0.19%
Dec-11 0.20% 0.20% 0.20% 0.20%
Jan-12 0.19% 0.19% 0.19% 0.19%
Feb-12 0.19% 0.19% 0.19% 0.19%
Mar-12 0.19% 0.19% 0.19% 0.19%
Apr-12 0.25% 0.25% 0.25% 0.25%
May-12 0.28% 0.28% 0.28% 0.28%
Jun-12 0.23% 0.23% 0.23% 0.23%
Jul-12 0.24% 0.24% 0.24% 0.24%
Aug-12 0.25% 0.25% 0.25% 0.25%
Sep-12 0.21% 0.21% 0.21% 0.21%
Oct-12 0.23% 0.23% 0.23% 0.23%
Nov-12 0.22% 0.22% 0.22% 0.22%
Dec-12 0.24% 0.24% 0.24% 0.24%
Jan-13 0.21% 0.21% 0.21% 0.21%
Feb-13 0.21% 0.21% 0.21% 0.21%
Mar-13 0.22% 0.22% 0.22% 0.22%
Apr-13 0.22% 0.22% 0.22% 0.22%
May-13 0.20% 0.20% 0.20% 0.20%
Jun-13 0.18% 0.18% 0.18% 0.18%
Jul-13 0.23% 0.23% 0.23% 0.23%
Aug-13 0.28% 0.28% 0.28% 0.28%
Sep-13 0.25% 0.25% 0.25% 0.25%
Oct-13 0.32% 0.32% 0.32% 0.32%
Nov-13 0.27% 0.27% 0.27% 0.27%
Dec-13 0.25% 0.25% 0.25% 0.25%
Jan-14 0.25% 0.25% 0.25% 0.25%
Feb-14 0.30% 0.30% 0.30% 0.30%
Mar-14 0.28% 0.28% 0.28% 0.28%
Apr-14 0.28% 0.28% 0.28% 0.28%

Mid-Term Rates for 1998 - Present

Month Annual Semiann. Quarterly Monthly
Jan-98 5.93% 5.84% 5.80% 5.77%
Feb-98 5.69% 5.61% 5.57% 5.55%
Mar-98 5.59% 5.51% 5.47% 5.45%
Apr-98 5.70% 5.62% 5.58% 5.56%
May-98 5.69% 5.61% 5.57% 5.55%
Jun-98 5.77% 5.69% 5.65% 5.62%
Jul-98 5.68% 5.60% 5.56% 5.54%
Aug-98 5.57% 5.49% 5.45% 5.43%
Sep-98 5.54% 5.47% 5.43% 5.41%
Oct-98 5.12% 5.06% 5.03% 5.01%
Nov-98 4.51% 4.46% 4.44% 4.42%
Dec-98 4.52% 4.47% 4.45% 4.43%
Jan-99 4.64% 4.59% 4.56% 4.55%
Feb-99 4.71% 4.66% 4.63% 4.62%
Mar-99 4.83% 4.77% 4.74% 4.72%
Apr-99 5.28% 5.21% 5.18% 5.15%
May-99 5.22% 5.15% 5.12% 5.10%
Jun-99 5.37% 5.30% 5.27% 5.24%
Jul-99 5.82% 5.74% 5.70% 5.67%
Aug-99 5.96% 5.87% 5.83% 5.80%
Sep-99 5.98% 5.89% 5.85% 5.82%
Oct-99 6.02% 5.93% 5.89% 5.86%
Nov-99 6.08% 5.99% 5.95% 5.92%
Dec-99 6.20% 6.11% 6.06% 6.03%
Jan-00 6.21% 6.12% 6.07% 6.04%
Feb-00 6.56% 6.46% 6.41% 6.37%
Mar-00 6.80% 6.69% 6.63% 6.60%
Apr-00 6.71% 6.60% 6.55% 6.51%
May-00 6.40% 6.30% 6.25% 6.22%
Jun-00 6.62% 6.51% 6.46% 6.42%
Jul-00 6.62% 6.51% 6.46% 6.42%
Aug-00 6.33% 6.23% 6.18% 6.15%
Sep-00 6.22% 6.13% 6.08% 6.05%
Oct-00 6.09% 6.00% 5.96% 5.93%
Nov-00 6.01% 5.92% 5.88% 5.85%
Dec-00 5.87% 5.79% 5.75% 5.72%
Jan-01 5.61% 5.53% 5.49% 5.47%
Feb-01 5.07% 5.01% 4.98% 4.96%
Mar-01 5.07% 5.01% 4.98% 4.96%
Apr-01 4.94% 4.88% 4.85% 4.83%
May-01 4.77% 4.71% 4.68% 4.66%
Jun-01 5.02% 4.96% 4.93% 4.91%
Jul-01 5.12% 5.06% 5.03% 5.01%
Aug-01 4.99% 4.93% 4.90% 4.88%
Sep-01 4.82% 4.76% 4.73% 4.71%
Oct-01 4.59% 4.54% 4.51% 4.50%
Nov-01 4.13% 4.09% 4.07% 4.06%
Dec-01 3.97% 3.93% 3.91% 3.90%
Jan-02 4.49% 4.44% 4.42% 4.40%
Feb-02 4.63% 4.58% 4.55% 4.54%
Mar-02 4.52% 4.47% 4.45% 4.43%
Apr-02 4.65% 4.60% 4.57% 4.56%
May-02 4.99% 4.93% 4.90% 4.88%
Jun-02 4.74% 4.69% 4.66% 4.64%
Jul-02 4.60% 4.55% 4.52% 4.51%
Aug-02 4.24% 4.20% 4.18% 4.16%
Sep-02 3.75% 3.72% 3.70% 3.69%
Oct-02 3.46% 3.43% 3.42% 3.41%
Nov-02 3.06% 3.04% 3.03% 3.02%
Dec-02 3.31% 3.28% 3.27% 3.26%
Jan-03 3.43% 3.40% 3.39% 3.38%
Feb-03 3.27% 3.24% 3.23% 3.22%
Mar-03 3.24% 3.21% 3.20% 3.19%
Apr-03 2.96% 2.94% 2.93% 2.92%
May-03 3.17% 3.15% 3.14% 3.13%
Jun-03 3.06% 3.04% 3.03% 3.02%
Jul-03 2.55% 2.53% 2.52% 2.52%
Aug-03 2.70% 2.68% 2.67% 2.67%
Sep-03 3.43% 3.40% 3.39% 3.38%
Oct-03 3.65% 3.62% 3.60% 3.59%
Nov-03 3.32% 3.29% 3.28% 3.27%
Dec-03 3.55% 3.52% 3.50% 3.49%
Jan-04 3.52% 3.49% 3.47% 3.46%
Feb-04 3.44% 3.41% 3.40% 3.39%
Mar-04 3.34% 3.31% 3.30% 3.29%
Apr-04 3.15% 3.13% 3.12% 3.11%
May-04 3.16% 3.14% 3.13% 3.12%
Jun-04 3.89% 3.85% 3.83% 3.82%
Jul-04 4.11% 4.07% 4.05% 4.04%
Aug-04 4.00% 3.96% 3.94% 3.93%
Sep-04 3.84% 3.80% 3.78% 3.77%
Oct-04 3.62% 3.59% 3.57% 3.56%
Nov-04 3.55% 3.52% 3.50% 3.49%
Dec-04 3.56% 3.53% 3.51% 3.50%
Jan-05 3.76% 3.73% 3.71% 3.70%
Feb-05 3.83% 3.79% 3.77% 3.76%
Mar-05 3.83% 3.79% 3.77% 3.76%
Apr-05 4.09% 4.05% 4.03% 4.02%
May-05 4.28% 4.24% 4.22% 4.20%
Jun-05 4.01% 3.97% 3.95% 3.94%
Jul-05 3.86% 3.82% 3.80% 3.79%
Aug-05 3.92% 3.88% 3.86% 3.85%
Sep-05 4.19% 4.15% 4.13% 4.11%
Oct-05 4.08% 4.04% 4.02% 4.01%
Nov-05 4.23% 4.19% 4.17% 4.15%
Dec-05 4.52% 4.47% 4.45% 4.43%
Jan-06 4.48% 4.43% 4.41% 4.39%
Feb-06 4.40% 4.35% 4.33% 4.31%
Mar-06 4.51% 4.46% 4.44% 4.42%
Apr-06 4.72% 4.67% 4.64% 4.63%
May-06 4.84% 4.78% 4.75% 4.73%
Jun-06 5.06% 5.00% 4.97% 4.95%
Jul-06 5.05% 4.99% 4.96% 4.94%
Aug-06 5.21% 5.14% 5.11% 5.09%
Sep-06 5.01% 4.95% 4.92% 4.90%
Oct-06 4.82% 4.76% 4.73% 4.71%
Nov-06 4.69% 4.64% 4.61% 4.60%
Dec-06 4.73% 4.68% 4.65% 4.64%
Jan-07 4.58% 4.53% 4.50% 4.49%
Feb-07 4.69% 4.64% 4.61% 4.60%
Mar-07 4.86% 4.80% 4.77% 4.75%
Apr-07 4.61% 4.56% 4.53% 4.52%
May-07 4.62% 4.57% 4.54% 4.53%
Jun-07 4.64% 4.59% 4.56% 4.55%
Jul-07 4.95% 4.89% 4.86% 4.84%
Aug-07 5.09% 5.03% 5.00% 4.98%
Sep-07 4.79% 4.73% 4.70% 4.68%
Oct-07 4.35% 4.30% 4.28% 4.26%
Nov-07 4.39% 4.34% 4.32% 4.30%
Dec-07 4.13% 4.09% 4.07% 4.06%
Jan-08 3.58% 3.55% 3.53% 3.52%
Feb-08 3.51% 3.48% 3.46% 3.46%
Mar-08 2.97% 2.95% 2.94% 2.93%
Apr-08 2.87% 2.85% 2.84% 2.83%
May-08 2.74% 2.72% 2.71% 2.70%
Jun-08 3.20% 3.17% 3.16% 3.15%
Jul-08 3.45% 3.42% 3.41% 3.40%
Aug-08 3.55% 3.52% 3.50% 3.49%
Sep-08 3.46% 3.43% 3.42% 3.41%
Oct-08 3.16% 3.14% 3.13% 3.12%
Nov-08 2.97% 2.95% 2.94% 2.93%
Dec-08 2.85% 2.83% 2.82% 2.81%
Jan-09 2.06% 2.05% 2.04% 2.04%
Feb-09 1.65% 1.64% 1.64% 1.63%
Mar-09 1.94% 1.93% 1.93% 1.92%
Apr-09 2.15% 2.14% 2.13% 2.13%
May-09 2.05% 2.04% 2.03% 2.03%
Jun-09 2.25% 2.24% 2.23% 2.23%
Jul-09 2.76% 2.74% 2.73% 2.72%
Aug-09 2.80% 2.78% 2.77% 2.76%
Sep-09 2.87% 2.85% 2.84% 2.83%
Oct-09 2.66% 2.64% 2.63% 2.63%
Nov-09 2.59% 2.57% 2.56% 2.56%
Dec-09 2.64% 2.62% 2.61% 2.61%
Jan-10 2.45% 2.44% 2.43% 2.43%
Feb-10 2.82% 2.80% 2.79% 2.78%
Mar-10 2.69% 2.67% 2.66% 2.66%
Apr-10 2.70% 2.68% 2.67% 2.67%
May-10 2.87% 2.85% 2.84% 2.83%
Jun-10 2.72% 2.70% 2.69% 2.68%
Jul-10 2.35% 2.34% 2.33% 2.33%
Aug-10 2.18% 2.17% 2.16% 2.16%
Sep-10 1.94% 1.93% 1.93% 1.92%
Oct-10 1.73% 1.72% 1.72% 1.71%
Nov-10 1.59% 1.58% 1.58% 1.57%
Dec-10 1.53% 1.52% 1.52% 1.52%
Jan-11 1.95% 1.94% 1.94% 1.93%
Feb-11 2.33% 2.32% 2.31% 2.31%
Mar-11 2.44% 2.43% 2.42% 2.42%
Apr-11 2.49% 2.47% 2.46% 2.46%
May-11 2.44% 2.43% 2.42% 2.42%
Jun-11 2.27% 2.26% 2.25% 2.25%
July-11 2.00% 1.99% 1.99% 1.98%
Aug-11 1.90% 1.89% 1.89% 1.88%
Sep-11 1.63% 1.62% 1.62% 1.61%
Oct-11 1.19% 1.19% 1.19% 1.19%
Nov-11 1.20% 1.20% 1.20% 1.20%
Dec-11 1.27% 1.27% 1.27% 1.27%
Jan-12 1.17% 1.17% 1.17% 1.17%
Feb-12 1.12% 1.12% 1.12% 1.12%
Mar-12 1.08% 1.08% 1.08% 1.08%
Apr-12 1.15% 1.15% 1.15% 1.15%
May-12 1.30% 1.30% 1.30% 1.30%
Jun-12 1.07% 1.07% 1.07% 1.07%
Jul-12 0.92% 0.92% 0.92% 0.92%
Aug-12 0.88% 0.88% 0.88% 0.88%
Sep-12 0.84% 0.84% 0.84% 0.84%
Oct-12 0.93% 0.93% 0.93% 0.93%
Nov-12 0.89% 0.89% 0.89% 0.89%
Dec-12 0.95% 0.95% 0.95% 0.95%
Jan-13 0.87% 0.87% 0.87% 0.87%
Feb-13 1.01% 1.01% 1.01% 1.01%
Mar-13 1.09% 1.09% 1.09% 1.09%
Apr-13 1.09% 1.09% 1.09% 1.09%
May-13 1.00% 1.00% 1.00% 1.00%
Jun-13 0.95% 0.95% 0.95% 0.95%
Jul-13 1.22% 1.22% 1.22% 1.22%
Aug -13 1.63% 1.62% 1.62% 1.61%
Sep -13 1.66% 1.65% 1.65% 1.64%
Oct -13 1.93% 1.92% 1.92% 1.91%
Nov -13 1.73% 1.72% 1.72% 1.71%
Dec -13 1.65% 1.64% 1.64% 1.63%
Jan -14 1.75% 1.74% 1.74% 1.73%
Feb -14 1.97% 1.96% 1.96% 1.95%
Mar -14 1.84% 1.83% 1.83% 1.82%
Apr -14 1.81% 1.80% 1.80% 1.79%

Long-Term Rates for 1998 -Present

Month Annual Semiann. Quarterly Monthly
Jan-98 6.13% 6.04% 6.00% 5.97%
Feb-98 5.93% 5.84% 5.80% 5.77%
Mar-98 5.91% 5.83% 5.79% 5.76%
Apr-98 5.98% 5.89% 5.85% 5.82%
May-98 5.94% 5.85% 5.81% 5.78%
Jun-98 6.02% 5.93% 5.89% 5.86%
Jul-98 5.88% 5.80% 5.76% 5.73%
Aug-98 5.72% 5.64% 5.60% 5.57%
Sep-98 5.74% 5.66% 5.62% 5.59%
Oct-98 5.46% 5.39% 5.35% 5.33%
Nov-98 5.10% 5.04% 5.01% 4.99%
Dec-98 5.25% 5.18% 5.15% 5.12%
Jan-99 5.21% 5.14% 5.11% 5.09%
Feb-99 5.24% 5.17% 5.14% 5.12%
Mar-99 5.30% 5.23% 5.20% 5.17%
Apr-99 5.67% 5.59% 5.55% 5.53%
May-99 5.66% 5.58% 5.54% 5.52%
Jun-99 5.79% 5.71% 5.67% 5.64%
Jul-99 6.10% 6.01% 5.97% 5.94%
Aug-99 6.23% 6.14% 6.09% 6.06%
Sep-99 6.25% 6.16% 6.11% 6.08%
Oct-99 6.31% 6.21% 6.16% 6.13%
Nov-99 6.39% 6.29% 6.24% 6.21%
Dec-99 6.47% 6.37% 6.32% 6.29%
Jan-00 6.45% 6.35% 6.30% 6.27%
Feb-00 6.77% 6.66% 6.61% 6.57%
Mar-00 6.75% 6.64% 6.59% 6.55%
Apr-00 6.49% 6.39% 6.34% 6.31%
May-00 6.20% 6.11% 6.06% 6.03%
Jun-00 6.39% 6.29% 6.24% 6.21%
Jul-00 6.40% 6.30% 6.25% 6.22%
Aug-00 6.22% 6.13% 6.08% 6.05%
Sep-00 6.09% 6.00% 5.96% 5.93%
Oct-00 5.96% 5.87% 5.83% 5.80%
Nov-00 6.09% 6.00% 5.96% 5.93%
Dec-00 5.98% 5.89% 5.85% 5.82%
Jan-01 5.78% 5.70% 5.66% 5.63%
Feb-01 5.48% 5.41% 5.37% 5.35%
Mar-01 5.58% 5.50% 5.46% 5.44%
Apr-01 5.43% 5.36% 5.32% 5.30%
May-01 5.43% 5.36% 5.32% 5.30%
Jun-01 5.75% 5.67% 5.63% 5.60%
Jul-01 5.82% 5.74% 5.70% 5.67%
Aug-01 5.72% 5.64% 5.60% 5.57%
Sep-01 5.57% 5.49% 5.45% 5.43%
Oct-01 5.39% 5.32% 5.29% 5.26%
Nov-01 5.31% 5.24% 5.21% 5.18%
Dec-01 5.05% 4.99% 4.96% 4.94%
Jan-02 5.46% 5.39% 5.35% 5.33%
Feb-02 5.60% 5.52% 5.48% 5.46%
Mar-02 5.48% 5.41% 5.37% 5.35%
Apr-02 5.62% 5.54% 5.50% 5.48%
May-02 5.85% 5.77% 5.73% 5.70%
Jun-02 5.70% 5.62% 5.58% 5.56%
Jul-02 5.69% 5.61% 5.57% 5.55%
Aug-02 5.46% 5.39% 5.35% 5.33%
Sep-02 5.23% 5.16% 5.13% 5.11%
Oct-02 4.90% 4.84% 4.81% 4.79%
Nov-02 4.60% 4.55% 4.52% 4.51%
Dec-02 4.92% 4.86% 4.83% 4.81%
Jan-03 4.90% 4.84% 4.81% 4.79%
Feb-03 4.85% 4.79% 4.76% 4.74%
Mar-03 4.80% 4.74% 4.71% 4.69%
Apr-03 4.58% 4.53% 4.50% 4.49%
May-03 4.79% 4.73% 4.70% 4.68%
Jun-03 4.65% 4.60% 4.57% 4.56%
Jul-03 4.17% 4.13% 4.11% 4.09%
Aug-03 4.36% 4.31% 4.29% 4.27%
Sep-03 5.08% 5.02% 4.99% 4.97%
Oct-03 5.23% 5.16% 5.13% 5.11%
Nov-03 4.99% 4.93% 4.90% 4.88%
Dec-03 5.12% 5.06% 5.03% 5.01%
Jan-04 5.01% 4.95% 4.92% 4.90%
Feb-04 4.94% 4.88% 4.85% 4.83%
Mar-04 4.84% 4.78% 4.75% 4.73%
Apr-04 4.66% 4.61% 4.58% 4.57%
May-04 4.65% 4.60% 4.57% 4.56%
Jun-04 5.20% 5.13% 5.10% 5.08%
Jul-04 5.34% 5.27% 5.24% 5.21%
Aug-04 5.21% 5.14% 5.11% 5.09%
Sep-04 5.03% 4.97% 4.94% 4.92%
Oct-04 4.84% 4.78% 4.75% 4.73%
Nov-04 4.70% 4.65% 4.62% 4.61%
Dec-04 4.68% 4.63% 4.60% 4.59%
Jan-05 4.76% 4.70% 4.67% 4.65%
Feb-05 4.72% 4.67% 4.64% 4.63%
Mar-05 4.52% 4.47% 4.45% 4.43%
Apr-05 4.68% 4.63% 4.60% 4.59%
May-05 4.83% 4.77% 4.74% 4.72%
Jun-05 4.57% 4.52% 4.49% 4.48%
Jul-05 4.35% 4.30% 4.28% 4.26%
Aug-05 4.33% 4.28% 4.26% 4.24%
Sep-05 4.52% 4.47% 4.45% 4.43%
Oct-05 4.40% 4.35% 4.33% 4.31%
Nov-05 4.57% 4.52% 4.49% 4.48%
Dec-05 4.79% 4.73% 4.70% 4.68%
Jan-06 4.73% 4.68% 4.65% 4.64%
Feb-06 4.61% 4.56% 4.53% 4.52%
Mar-06 4.68% 4.63% 4.60% 4.59%
Apr-06 4.79% 4.73% 4.70% 4.68%
May-06 5.00% 4.94% 4.91% 4.89%
Jun-06 5.32% 5.25% 5.22% 5.19%
Jul-06 5.29% 5.22% 5.19% 5.16%
Aug-06 5.36% 5.29% 5.26% 5.23%
Sep-06 5.21% 5.14% 5.11% 5.09%
Oct-06 5.02% 4.96% 4.93% 4.91%
Nov-06 4.90% 4.84% 4.81% 4.79%
Dec-06 4.90% 4.84% 4.81% 4.79%
Jan-07 4.73% 4.68% 4.65% 4.64%
Feb-07 4.86% 4.80% 4.77% 4.75%
Mar-07 5.01% 4.95% 4.92% 4.90%
Apr-07 4.81% 4.75% 4.72% 4.70%
May-07 4.90% 4.84% 4.81% 4.79%
Jun-07 4.91% 4.85% 4.82% 4.80%
Jul-07 5.15% 5.09% 5.06% 5.04%
Aug-07 5.31% 5.24% 5.21% 5.18%
Sep-07 5.09% 5.03% 5.00% 4.98%
Oct-07 4.88% 4.82% 4.79% 4.77%
Nov-07 4.89% 4.83% 4.80% 4.78%
Dec-07 4.72% 4.67% 4.64% 4.63%
Jan-08 4.46% 4.41% 4.39% 4.37%
Feb-08 4.46% 4.41% 4.39% 4.37%
Mar-08 4.27% 4.23% 4.21% 4.19%
Apr-08 4.40% 4.35% 4.33% 4.31%
May-08 4.21% 4.17% 4.15% 4.13%
Jun-08 4.46% 4.41% 4.39% 4.37%
Jul-08 4.60% 4.55% 4.52% 4.51%
Aug-08 4.58% 4.53% 4.50% 4.49%
Sep-08 4.58% 4.53% 4.50% 4.49%
Oct-08 4.32% 4.27% 4.25% 4.23%
Nov-08 4.24% 4.20% 4.18% 4.16%
Dec-08 4.45% 4.40% 4.38% 4.36%
Jan-09 3.57% 3.54% 3.52% 3.51%
Feb-09 2.96% 2.94% 2.93% 2.92%
Mar-09 3.52% 3.49% 3.47% 3.46%
Apr-09 3.67% 3.64% 3.62% 3.61%
May-09 3.58% 3.55% 3.53% 3.52%
Jun-09 3.88% 3.84% 3.82% 3.81%
Jul-09 4.36% 4.31% 4.29% 4.27%
Aug-09 4.26% 4.22% 4.20% 4.18%
Sep-09 4.38% 4.33% 4.31% 4.29%
Oct-09 4.10% 4.06% 4.04% 4.03%
Nov-09 4.01% 3.97% 3.95% 3.94%
Dec-09 4.17% 4.13% 4.11% 4.09%
Jan-10 4.11% 4.07% 4.05% 4.04%
Feb-10 4.44% 4.39% 4.37% 4.35%
Mar-10 4.35% 4.30% 4.28% 4.26%
Apr-10 4.40% 4.35% 4.33% 4.31%
May-10 4.47% 4.42% 4.40% 4.38%
Jun-10 4.30% 4.25% 4.23% 4.21%
Jul-10 3.94% 3.90% 3.88% 3.87%
Aug-10 3.79% 3.75% 3.73% 3.72%
Sep-10 3.66% 3.63% 3.61% 3.60%
Oct-10 3.32% 3.29% 3.28% 3.27%
Nov-10 3.35% 3.32% 3.31% 3.30%
Dec-10 3.53% 3.50% 3.48% 3.47%
Jan-11 3.88% 3.84% 3.82% 3.81%
Feb-11 4.15% 4.11% 4.09% 4.08%
Mar-11 4.30% 4.25% 4.23% 4.21%
Apr-11 4.25% 4.21% 4.19% 4.17%
May-11 4.19% 4.15% 4.13% 4.11%
Jun-11 4.05% 4.01% 3.99% 3.98%
July-11 3.86% 3.82% 3.80% 3.79%
Aug-11 3.86% 3.82% 3.80% 3.79%
Sep-11 3.57% 3.54% 3.52% 3.51%
Oct-11 2.95% 2.93% 2.92% 2.91%
Nov-11 2.67% 2.65% 2.64% 2.64%
Dec-11 2.80% 2.78% 2.77% 2.76%
Jan-12 2.63% 2.61% 2.60% 2.60%
Feb-12 2.58% 2.56% 2.55% 2.55%
Mar-12 2.65% 2.63% 2.62% 2.62%
Apr-12 2.72% 2.70% 2.69% 2.68%
May-12 2.89% 2.87% 2.86% 2.85%
Jun-12 2.64% 2.62% 2.61% 2.61%
Jul-12 2.30% 2.29% 2.28% 2.28%
Aug-12 2.23% 2.22% 2.21% 2.21%
Sep-12 2.18% 2.17% 2.16% 2.16%
Oct-12 2.36% 2.35% 2.34% 2.34%
Nov-12 2.40% 2.39% 2.38% 2.38%
Dec-12 2.40% 2.39% 2.38% 2.38%
Jan-13 2.31% 2.30% 2.29% 2.29%
Feb-13 2.52% 2.50% 2.49% 2.49%
Mar-13 2.66% 2.64% 2.63% 2.63%
Apr-13 2.70% 2.68% 2.67% 2.67%
May-13 2.60% 2.58% 2.57% 2.57%
Jun-13 2.47% 2.45% 2.44% 2.44%
Jul-13 2.80% 2.78% 2.77% 2.76%
Aug-13 3.16% 3.14% 3.13% 3.12%
Sep-13 3.28% 3.25% 3.24% 3.23%
Oct-13 3.50% 3.47% 3.46% 3.45%
Nov-13 3.37% 3.34% 3.33% 3.32%
Dec-13 3.32% 3.29% 3.28% 3.27%
Jan-14 3.49% 3.46% 3.45% 3.44%
Feb-14 3.56% 3.53% 3.51% 3.50%
Mar-14 3.36% 3.33% 3.32% 3.31%
Apr-14 3.32% 3.29% 3.28% 3.27%

Pooled Income Fund Rates
Deemed rates of return for transfers to pooled income funds that have been in existence for less than three years:

YEAR

RATE

1989 (Jan - Apr)
9.0%
1989 (May - Dec)
9.4%
1990
9.8%
1991
9.8%
1992
9.8%
1993
9.4%
1994
8.4%
1995
6.8%
1996
7.2%
1997
7.2%
1998
7.2%
1999
6.8%
2000
6.8%
2001
6.6%
2002 6.6%
2003 6.6%
2004 4.8%
2005 4.0%
2006 3.8%
2007 4.8%
2008 4.8%
2009 4.8%
2010 4.6%
2011 2.8%
2012 1.8%
2013 1.8%
2014 1.4%

OVER - AND UNDER PAYMENT RATES

These rates of interest are determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points.

The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

These interest rates are computed from the federal short-term rate based on daily compounding.

The following tables illustrate the history of the interest rates on over and underpayments:

TABLE OF INTEREST RATES

PERIODS BEFORE JUL. 1, 1975 -- PERIODS ENDING DEC. 31, 1986

OVERPAYMENTS AND UNDERPAYMENTS

DAILY RATE TABLE
PERIOD

RATE

Before Jul. 1, 1975
6%
Jul. 1, 1975 -- Jan. 31, 1976
9%
Feb. 1, 1976 -- Jan. 31, 1978
7%
Feb. 1, 1978 -- Jan. 31, 1980
6%
Feb. 1, 1980 -- Jan. 31, 1982
12%
Feb. 1, 1982 -- Dec. 31, 1982
20%
Jan. 1, 1983 -- Jun. 30, 1983
16%
Jul. 1, 1983 -- Dec. 31, 1983
11%
Jan. 1, 1984 -- Jun. 30, 1984
11%
Jul. 1, 1984 -- Dec. 31, 1984
11%
Jan. 1, 1985 -- Jun. 30, 1985
13%
Jul. 1, 1985 -- Dec. 31, 1985
11%
Jan. 1, 1986 -- Jun. 30, 1986
10%
Jul. 1, 1986 -- Dec. 31, 1986
9%

TABLE OF INTEREST RATES FROM JAN. 1, 1987 -- Dec. 31, 1998

 
OVERPAYMENTS
UNDERPAYMENTS

Jan. 1, 1987 -- Mar. 31, 1987

8%
9%

Apr. 1, 1987 -- Jun. 30, 1987

8%
9%

Jul. 1, 1987 -- Sep. 30, 1987

8%
9%

Oct. 1, 1987 -- Dec. 31, 1987

9%
10%

Jan. 1, 1988 -- Mar. 31, 1988

10%
11%

Apr. 1, 1988 -- Jun. 30, 1988

9%
10%

Jul. 1, 1988 -- Sep. 30, 1988

9%
10%

Oct. 1, 1988 -- Dec. 31, 1988

10%
11%

Jan. 1, 1989 -- Mar. 31, 1989

10%
11%
Apr. 1, 1989 -- Jun. 30, 1989
11%
12%
Jul. 1, 1989 -- Sep. 30, 1989
11%
12%
Oct. 1, 1989 -- Dec. 31, 1989
10%
11%
Jan. 1, 1990 -- Mar. 31, 1990
10%
11%
Apr. 1, 1990 -- Jun. 30, 1990
10%
11%
Jul. 1, 1990 -- Sep. 30, 1990
10%
11%
Oct. 1, 1990 -- Dec. 31, 1990
10%
11%
Jan. 1, 1991 -- Mar. 31, 1991
10%
11%
Apr. 1, 1991 -- Jun. 30, 1991
9%
10%
Jul. 1, 1991 -- Sep. 30, 1991
9%
10%
Oct. 1, 1991 -- Dec. 31, 1991
9%
10%
Jan. 1, 1992 -- Mar. 31, 1992
8%
9%

Apr. 1, 1992 -- Jun. 30, 1992

7%
8%
Jul. 1, 1992 -- Sep. 30, 1992
7%
8%
Oct. 1, 1992 -- Dec. 31, 1992
6%
7%
Jan. 1, 1993 -- Mar. 31, 1993
6%
7%
Apr. 1, 1993 -- Jun. 30, 1993
6%
7%
Jul. 1, 1993 -- Sep. 30, 1993
6%
7%
Oct. 1, 1993 -- Dec. 31, 1993
6%
7%
Jan. 1, 1994 -- Mar. 31, 1994
6%
7%
Apr. 1, 1994 -- Jun. 30, 1994
6%
7%
Jul. 1, 1994 -- Sep. 30, 1994
7%
8%
Oct. 1, 1994 -- Dec. 31, 1994
8%
9%
Jan. 1, 1995 -- Mar. 31, 1995
8%
9%
Apr. 1, 1995 -- Jun. 30, 1995
9%
10%
Jul. 1, 1995 -- Sep. 30, 1995
8%
9%
Oct. 1, 1995 -- Dec. 31, 1995
8%
9%
Jan. 1, 1996 -- Mar. 31, 1996
8%
9%
Apr. 1, 1996 -- Jun. 30, 1996
7%
8%
Jul. 1, 1996 -- Sep. 30, 1996
8%
9%
Oct. 1, 1996 -- Dec. 31, 1996
8%
9%
Jan. 1, 1997 -- Mar. 31, 1997
8%
9%
Apr. 1, 1997 -- Jun. 30, 1997
8%
9%
Jul. 1, 1997 -- Sep. 30, 1997
8%
9%
Oct. 1, 1997 -- Dec. 31, 1997
8%
9%
Jan. 1, 1998 -- Mar. 31, 1998
8%
9%
Apr. 1, 1998 -- Jun. 30, 1998
7%
8%
Jul. 1, 1998 -- Sep. 30, 1998
7%
8%
Oct. 1, 1998 -- Dec. 31, 1998
7%
8%

TABLE OF NONCORPORATE INTEREST RATES FROM JANUARY 1, 1999 -- PRESENT

 
OVERPAYMENTS
UNDERPAYMENTS
Jan. 1, 1999 -- Mar. 31, 1999
7%
7%
Apr. 1, 1999 -- Jun. 30, 1999
8%
8%
Jul. 1, 1999 -- Sept. 30, 1999
8%
8%
Oct. 1, 1999 -- Dec. 31, 1999
8%
8%
Jan. 1, 2000 -- Mar. 31, 2000
8%
8%
Apr. 1, 2000 -- Jun. 30, 2000
9%
9%
Jul. 1, 2000 -- Sep. 30, 2000
9%
9%
Oct. 1, 2000 -- Dec. 31, 2000
9%
9%
Jan. 1, 2001 -- Mar. 31, 2001
9%
9%
Apr. 1, 2001-- Jun. 30, 2001
8%
8%
Jul. 1, 2001 -- Sept. 30, 2001
7%
7%
Oct. 1, 2001 -- Dec. 31, 2001
7%
7%
Jan. 1, 2002 -- Mar. 31, 2002
6%
6%
Apr. 1, 2002-- Jun. 30, 2002
6%
6%
Jul. 1, 2002 -- Sep. 30, 2002
6%
6%
Oct. 1, 2002 -- Dec. 31, 2002
6%
6%
Jan. 1, 2003 -- Mar. 31, 2003
5%
5%
Apr. 1, 2003-- Jun. 30, 2003
5%
5%
Jul. 1, 2003 -- Sep. 30, 2003
5%
5%
Oct. 1, 2003 -- Dec. 31, 2003
4%
4%
Jan. 1, 2004 -- Mar. 31, 2004
4%
4%
Apr. 1, 2004-- Jun. 30, 2004
5%
5%
Jul. 1, 2004 -- Sep. 30, 2004
4%
4%
Oct. 1, 2004 -- Dec. 31, 2004
5%
5%
Jan. 1, 2005 -- Mar. 31, 2005
5%
5%
Apr. 1, 2005 -- Jun. 30, 2005
6%
6%
Jul. 1, 2005 -- Sep. 30, 2005
6%
6%
Oct. 1, 2005 -- Dec. 31, 2005
7%
7%
Jan. 1, 2006 -- Mar. 31, 2006
7%
7%
Apr. 1, 2006 -- Jun. 30, 2006
7%
7%
Jul. 1, 2006 -- Sep. 30, 2006
8%
8%
Oct. 1, 2006 -- Dec. 31, 2006
8%
8%
Jan. 1, 2007 -- Mar. 31, 2007
8%
8%
Apr. 1, 2007 -- Jun. 30, 2007
8%
8%
Jul. 1, 2007 -- Sep. 30, 2007
8%
8%
Oct. 1, 2007 -- Dec. 31, 2007
8%
8%
Jan. 1, 2008 -- Mar. 31, 2008
7%
7%
Apr. 1, 2008 -- Jun. 30, 2008
6%
6%
Jul. 1, 2008 -- Sep. 30, 2008
5%
5%
Oct. 1, 2008 -- Dec. 31, 2008
6%
6%
Jan. 1, 2009 -- Mar. 31, 2009
5%
5%
Apr. 1, 2009 -- Jun. 30, 2009
4%
4%
Jul. 1, 2009 -- Sep. 30, 2009
4%
4%
Oct. 1, 2009 -- Dec. 31, 2009
4%
4%
Jan. 1, 2010 -- Mar. 31, 2010
4%
4%
Apr. 1, 2010 -- Jun. 30, 2010
4%
4%
Jul. 1, 2010 -- Sep. 30, 2010
4%
4%
Oct. 1, 2010 -- Dec. 31, 2010
4%
4%
Jan. 1, 2011 -- Mar. 31, 2011
3%
3%
Apr. 1, 2011 -- Jun. 30, 2011
4%
4%
Jul. 1, 2011 -- Sep. 30, 2011
4%
4%
Oct. 1, 2011 -- Dec. 31, 2011
3%
3%
Jan. 1, 2012 -- Mar. 31, 2012
3%
3%
Apr. 1, 2012 -- Jun. 30, 2012
3%
3%
Jul. 1, 2012 -- Sep. 30, 2012
3%
3%
Oct. 1, 2012 -- Dec. 31, 2012
3%
3%
Jan. 1, 2013 -- Mar. 31, 2013
3%
3%
Apr. 1, 2013 -- Jun. 30, 2013
3%
3%
Jul. 1, 2013 -- Sep. 30, 2013
3%
3%
Oct. 1, 2013 --Dec. 31, 2013
3%
3%
Jan. 1, 2014 --Mar. 31, 2014
3%
3%

TABLE OF CORPORATE INTEREST RATES FROM JANUARY 1, 1999 -- PRESENT

 
OVERPAYMENTS
UNDERPAYMENTS
LARGE OVERPAYMENTS LARGE UNDERPAYMENTS
Jan. 1, 1999 -- Mar. 31, 1999
6%
7%
4.50%
9%
Apr. 1, 1999 -- Jun. 30, 1999
7%
8%
5.50%
10%
Jul. 1, 1999 -- Sept. 30, 1999
7%
8%
5.50%
10%
Oct. 1, 1999 -- Dec. 31, 1999
7%
8%
5.50%
10%
Jan. 1, 2000 -- Mar. 31, 2000
7%
8%
5.50%
10%
Apr. 1, 2000 -- Jun. 30, 2000
8%
9%
6.50%
11%
Jul. 1, 2000 -- Sep. 30, 2000
8%
9%
6.50%
11%
Oct. 1, 2000 -- Dec. 31, 2000
8%
9%
6.50%
11%
Jan. 1, 2001 -- Mar. 31, 2001
8%
9%
6.50%
11%
Apr. 1, 2001-- Jun. 30, 2001
7%
8%
5.50%
10%
Jul. 1, 2001 -- Sept. 30, 2001
6%
7%
4.50%
9%
Oct. 1, 2001 -- Dec. 31, 2001
6%
7%
4.50%
9%
Jan. 1, 2002 -- Mar. 31, 2002
5%
6%
3.50%
8%
Apr. 1, 2002-- Jun. 30, 2002
5%
6%
3.50%
8%
Jul. 1, 2002 -- Sep. 30, 2002
5%
6%
3.50%
8%
Oct. 1, 2002 -- Dec. 31, 2002
5%
6%
3.50%
8%
Jan. 1, 2003 -- Mar. 31, 2003
4%
5%
2.50%
7%
Apr. 1, 2003-- Jun. 30, 2003
4%
5%
2.50%
7%
Jul. 1, 2003 -- Sep. 30, 2003
4%
5%
2.50%
7%
Oct. 1, 2003 -- Dec. 31, 2003
3%
4%
1.50%
6%
Jan. 1, 2004 -- Mar. 31, 2004
3%
4%
1.50%
6%
Apr. 1, 2004-- Jun. 30, 2004
4%
5%
2.50%
7%
Jul. 1, 2004 -- Sep. 30, 2004
3%
4%
1.50%
6%
Oct. 1, 2004 -- Dec. 31, 2004
4%
5%
2.50%
7%
Jan. 1, 2005 -- Mar. 31, 2005
4%
5%
2.50%
7%
Apr. 1, 2005 -- Jun. 30, 2005
5%
6%
3.50%
8%
Jul. 1, 2005 -- Sep. 30, 2005
5%
6%
3.50%
8%
Oct. 1, 2005 -- Dec. 31, 2005
6%
7%
4.50%
9%
Jan. 1, 2006 -- Mar. 31, 2006
6%
7%
4.50%
9%
Apr. 1, 2006 -- Jun. 30, 2006
6%
7%
4.50%
9%
Jul. 1, 2006 -- Sep. 30, 2006
7%
8%
5.50%
10%
Oct. 1, 2006 -- Dec. 31, 2006
7%
8%
5.50%
10%
Jan. 1, 2007 -- Mar. 31, 2007
7%
8%
5.50%
10%
Apr. 1, 2007 -- Jun. 30, 2007
7%
8%
5.50%
10%
Jul. 1, 2007 -- Sep. 30, 2007
7%
8%
5.50%
10%
Oct. 1, 2007 -- Dec. 31, 2007
7%
8%
5.50%
10%
Jan. 1, 2008 -- Mar. 31, 2008
6%
7%
4.50%
9%
Apr. 1, 2008 -- Jun. 30, 2008
5%
6%
3.50%
8%
Jul. 1, 2008 -- Sep. 30, 2008
4%
5%
2.50%
7%
Oct. 1, 2008 -- Dec. 31, 2008
5%
6%
3.50%
8%
Jan. 1, 2009 -- Mar. 31, 2009
4%
5%
2.50%
7%
Apr. 1, 2009 -- Jun. 30, 2009
3%
4%
1.50%
6%
Jul. 1, 2009 -- Sep. 30, 2009
3%
4%
1.50%
6%
Oct. 1, 2009 -- Dec. 31, 2009
3%
4%
1.50%
6%
Jan. 1, 2010 -- Mar. 31, 2010
3%
4%
1.50%
6%
Apr. 1, 2010 -- Jun. 30, 2010
3%
4%
1.50%
6%
Jul. 1, 2010 -- Sep. 30, 2010
3%
4%
1.50%
6%
Oct. 1, 2010 -- Dec. 31, 2010
3%
4%
1.50%
6%
Jan. 1, 2011 -- Mar. 31, 2011
2%
3%
.50%
5%
Apr. 1, 2011 -- Jun. 30, 2011
3%
4%
1.50%
6%
Jul. 1, 2011 -- Sep. 30, 2011
3%
4%
1.50%
6%
Oct. 1, 2011 -- Dec. 31, 2011
2%
3%
.50%
5%
Jan. 1, 2012 -- Mar. 31, 2012
2%
3%
.50%
5%
Apr. 1, 2012 -- Jun. 30, 2012
2%
3%
.50%
5%
Jul. 1, 2012 -- Sep. 30, 2012
2%
3%
.50%
5%
Oct. 1, 2012 -- Dec. 31, 2012
2%
3%
.50%
5%
Jan. 1, 2013 -- Mar. 31, 2013
2%
3%
.50%
5%
Apr. 1, 2013 -- Jun. 30, 2013
2%
3%
.50%
5%
Jul. 1, 2013 -- Sep. 30, 2013
2%
3%
.50%
5%
Oct. 1, 2013 -- Dec. 31, 2013
2%
3%
.50%
5%
Jan. 1, 2014 -- Mar. 31, 2014
2%
3%
.50%
5%

OID Inflation-Adjusted Dollar Amounts

The following figures are the original issue discount inflation-adjusted dollar amounts for Code Section 1274A transactions (Special Rules for Certain Transactions Where Stated Principal Amount Does Not Exceed $2,800,000) :

BACKGROUND

In general, Code Sections 483 and 1274 determine the principal amount of a debt instrument given in consideration for the sale or exchange of nonpublicly traded property. Interest on a debt instrument subject to section 1274 is also taken into account under the original issue discount provisions of the Code. Section 1274A, however, modifies the rules under Code Sections 483 and 1274 for certain types of debt instruments.

In the case of a "qualified debt instrument," the discount rate used for purposes of sections 483 and 1274 may not exceed 9 percent, compounded semiannually. A qualified debt instrument is defined as any debt instrument given in consideration for the sale or exchange of property (other than new section 38 property within the meaning of section 48(b), as in effect on the day before the date of enactment of the Revenue Reconciliation Act of 1990) if the stated principal amount of the instrument does not exceed the amount specified in Code Section 1274A(b). For debt instruments arising out of sales or exchanges before January 1, 1990, this amount is $2,800,000.

EXCEPTION:

In the case of a "cash method debt instrument," (as defined in Code Section 1274A(c)), the borrower and lender may elect to use the cash receipts and disbursements method of accounting. In particular, for any cash method debt instrument, Code Section 1274 does not apply. Interest on the instrument is accounted for by both the borrower and the lender under the cash method of accounting.

A cash method debt instrument is defined as a qualified debt instrument that meets the following additional requirements: (a) the lender does not use an accrual method of accounting and is not a dealer with respect to the property sold or exchanged; (b) section 1274 would have applied to the debt instrument but for an election under section 1274A(c); and (c) an election under section 1274A(c) is jointly made with respect to the debt instrument by the borrower and lender. In the case of instruments arising out of sales or exchanges before January 1, 1990, the stated principal amount must not exceed $2,000,000. Rules concerning the time for, and manner of, making this election can be found in Reg. Section 1.1274A- 1(c)(1).

The dollar amounts stated in section 1274A(b) and section 1274A(c)(2)(A) for any debt instrument arising out of a sale or exchange during any calendar year after 1989 are increased by the inflation adjustment for the calendar year. Any increase due to the inflation adjustment is rounded to the nearest multiple of $100 (or, if the increase is a multiple of $50 and not of $100, the increase is increased to the nearest multiple of $100).

The inflation adjustment for any calendar year is the percentage (if any) by which the CPI for the preceding calendar year exceeds the CPI for calendar year 1988. The CPI for any calendar year is defined as the average of the Consumer Price Index as of the close of the 12-month period ending on September 30 of that calendar year.

INFLATION-ADJUSTED AMOUNTS

For debt instruments arising out of sales or exchanges after December 31, 1989, the inflation-adjusted amounts under section 1274A are shown in Table 1.

Table 1

Inflation-Adjusted Amounts Under section 1274A

Calendar Year of Sale or Exchange

1274A(b) Amount (qualified debt instrument)
1274A(c)(2)(A) Amount (cash method debt instrument)
1990
$2,933,200
$2,095,100
1991
$3,079,600

$2,199,700

1992
$3,234,900
$2,310,600

1993

$3,332,400
$2,380,300
1994
$3,433,500
$2,452,500
1995
$3,523,600
$2,516,900
1996
$3,622,500
$2,587,500
1997
$3,723,800
$2,659,900
1998
$3,823,100
$2,730,800
1999
$3,885,500
$2,775,400
2000
$3,960,100
$2,828,700
2001
$4,085,900
$2,918,500
2002
$4,217,500
$3,012,500
2003
$4,280,800
$3,057,700
2004
$4,381,300
$3,129,500
2005
$4,483,300
$3,202,100
2006
$4,630,300
$3,307,400
2007
$4,800,800
$3,429,100
2008
$4,913,400
$3,509,600
2009
$5,131,700
$3,665,500
2010
$5,115,100
$3,653,600
2011
$5,201,300
$3,715,200
2012
$5,339,300
$3,813,800
2013
$5,468,200
$3,905,900
2014
$5,557,200
$3,960,500

Note: These inflation adjustments were computed using the All-Urban, Consumer Price Index, 1982-1984 base, published by the Bureau of Labor Statistics.

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